IRS Cryptocurrency Letter

Have you received an IRS cryptocurrency letter claiming you owe taxes or need to consider making corrections? We’ve helped many clients in this exact situation and have successfully reduced their IRS bills by thousands or even hundreds of thousands! 

We’ll get to work fast to resolve your crypto tax problem before it escalates. Don't wait; call now!

Which IRS Crypto Letter Have You Received?


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    Not Sure Which Crypto Letter You Received?

    No problem; we can help! Call or contact us and we’ll help you figure out whether your IRS cryptocurrency letter is a warning or something more serious. Then we’ll walk you through the steps to resolve this issue.

    Responding to IRS Cryptocurrency Letter CP2000: Notice of Suspected Tax Debt

    If you receive a CP2000 notice, don’t wait to contact our crypto tax attorneys. Unlike other cryptocurrency letters from the IRS, the CP2000 states the amount that the IRS thinks you owe, including interest and penalties.

    The good news? For cryptocurrency investors, that number is usually way off base. We can help you respond to this notice and, in most cases, prove that you actually owe much less. We’ve even had some clients whose losses result in a refund!

    But you need to act fast before the proposed debt becomes final and the IRS begins collection measures.

    The IRS crypto letter CP2000 includes a response deadline. If you don’t respond in time, the IRS’s proposed amount becomes final. It becomes more and more difficult (and costly) to contest this notice past the deadline. Not to scare you, but once a tax balance is assessed, the IRS can take many steps to collect, such as garnishing wages, levying assets, and liening your home.

    Contact us today to nip this pesky problem in the bud!

    Responding to IRS Crypto Letter 6173: Hard Warning Letter for Cryptocurrency Tax

    IRS Letter 6173 requires a response. This warning letter indicates that the IRS has reason to believe you’ve had cryptocurrency that wasn’t properly reported on your tax returns. It also notes that you may be referred for examination (meaning a cryptocurrency tax audit) if you don’t respond by the deadline.

    If you receive IRS Letter 6173, contact our crypto tax attorneys right away. We’ll get to work fast to correct any reporting errors, and get you squared away before the IRS escalates to an audit!

    IRS 6173 - IRS Cryptocurrency Letter - Hard Warning

    Sample of IRS cryptocurrency letter 6173

    Responding to 6174 and 6174-A: Soft Cryptocurrency Warning Letters from the IRS

    If you’ve received Letter 6174 or 6174-A and you’re not 100% sure you’ve met your filing obligations, you’d be wise to amend past tax returns and report your cryptocurrency correctly going forward. 

    These IRS cryptocurrency letters are considered soft notices to suspected investors in virtual currency. Letters 6174 and 6174-A indicate that the IRS believes you have unreported cryptocurrency activity. These letters do not require a response, but they do alert you that the IRS is watching. 

    Want to discuss your IRS risk with a cryptocurrency tax attorney? Give us a call for a confidential consultation!

    IRS 6174-A - IRS Cryptocurrency Letter - Soft Warning

    Sample of IRS cryptocurrency letter 6174-A

    Responding to IRS Cryptocurrency Letter 6323: Notice of a Tax Audit

    Have you received Letter 6323 from the IRS? That means a tax audit is coming, and your cryptocurrency investments could throw a wrench in the process. Although Gordon Law Group has been practicing cryptocurrency tax law since 2014, most tax professionals—including IRS audit examiners—are still struggling to catch up to this complex field.  

    Learn more about cryptocurrency audits and how we can help, or contact our tax attorneys now for a confidential consultation. We’ve helped 100s of clients with complex audits!

    Responding to a CP90 Notice: Intent to Seize Assets

    If you receive notice CP90 from the IRS, there’s no time to lose; call our tax attorneys immediately to stop the IRS from seizing your assets!

    This is the final warning before the IRS begins extreme collection measures for unpaid tax debt (including cryptocurrency tax debt). If you ignore the letter, the IRS could place a lien on your house or car; contact your employer to begin garnishing wages; legally take control of your cryptocurrency holdings; or even levy funds directly from your bank account.

    But it’s not too late to stop these worst-case scenarios. If you’ve received this IRS cryptocurrency letter, call our experienced attorneys now and we’ll guide you through the Due Collections Process to tackle the problem. Let’s turn that looming tax debt into a thing of the past!

    IRS CP90 - Notice of Intent to Levy - IRS Tax Debt - Cryptocurrency

    Sample of IRS notice CP90

    Responding to IRS Notice CP518 for Cryptocurrency Investors: Notice of Unfiled Tax Returns

    Many cryptocurrency investors may receive a CP518 notice due to unfiled tax returns. Failing to respond often means the IRS will prepare a tax return for you with the information it has available, called a Substitute For Return. 

    For crypto traders, that’s usually very bad news: The information reported to the IRS by third-party sources tends to make your capital gains look much higher than they really are, leading to a higher tax bill.

    If you receive letter CP518 and want help filing your tax returns correctly—including a full crypto tax report to prove the correct amount of capital gains—call the experienced tax attorneys at Gordon Law Group!

    IRS CP518 - Notice of Unfiled Tax Return

    Sample of IRS notice CP518